OneAscent Financial Services LLC Has $259,000 Stake in LPL Financial Holdings Inc. (NASDAQ:LPLA)

OneAscent Financial Services LLC lowered its position in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 22.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 792 shares of the financial services provider’s stock after selling 226 shares during the quarter. OneAscent Financial Services LLC’s holdings in LPL Financial were worth $259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Graney & King LLC acquired a new stake in LPL Financial in the 4th quarter valued at about $30,000. Jones Financial Companies Lllp raised its stake in LPL Financial by 45.3% in the fourth quarter. Jones Financial Companies Lllp now owns 138 shares of the financial services provider’s stock valued at $45,000 after buying an additional 43 shares during the period. Atala Financial Inc acquired a new stake in shares of LPL Financial in the fourth quarter valued at approximately $59,000. Compass Financial Services Inc bought a new position in shares of LPL Financial during the 4th quarter worth approximately $65,000. Finally, R Squared Ltd acquired a new position in shares of LPL Financial during the 4th quarter worth approximately $78,000. Institutional investors own 95.66% of the company’s stock.

LPL Financial Trading Down 9.4 %

LPLA opened at $283.31 on Friday. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.60. LPL Financial Holdings Inc. has a twelve month low of $187.19 and a twelve month high of $384.04. The stock has a market capitalization of $21.13 billion, a price-to-earnings ratio of 20.18, a P/E/G ratio of 0.94 and a beta of 0.82. The company has a 50-day simple moving average of $348.34 and a 200 day simple moving average of $314.97.

LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $4.25 earnings per share for the quarter, topping analysts’ consensus estimates of $4.01 by $0.24. LPL Financial had a net margin of 8.55% and a return on equity of 49.41%. Analysts predict that LPL Financial Holdings Inc. will post 19.35 EPS for the current fiscal year.

LPL Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were paid a $0.30 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $1.20 annualized dividend and a dividend yield of 0.42%. LPL Financial’s payout ratio is 8.55%.

Insider Transactions at LPL Financial

In related news, CFO Matthew J. Audette sold 4,588 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $360.07, for a total transaction of $1,652,001.16. Following the completion of the transaction, the chief financial officer now directly owns 16,538 shares in the company, valued at $5,954,837.66. This represents a 21.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Marc Eliot Cohen sold 1,100 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $365.85, for a total transaction of $402,435.00. Following the completion of the sale, the director now owns 4,075 shares in the company, valued at $1,490,838.75. This represents a 21.26 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,465 shares of company stock valued at $12,562,070. Corporate insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

LPLA has been the subject of several research reports. Keefe, Bruyette & Woods raised their price target on LPL Financial from $390.00 to $405.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Morgan Stanley lifted their target price on shares of LPL Financial from $379.00 to $413.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Wells Fargo & Company increased their price target on shares of LPL Financial from $390.00 to $405.00 and gave the company an “overweight” rating in a report on Friday, January 31st. StockNews.com downgraded shares of LPL Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, March 26th. Finally, JPMorgan Chase & Co. upped their target price on LPL Financial from $397.00 to $405.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, LPL Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $380.42.

LPL Financial Profile

LPL Financial Holdings Inc, together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at enterprises in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, fixed income, alternative investments, retirement and 529 education savings plans, and insurance.